by Fresh Start Tax | Mar 20, 2014 | Tax Help
In dealing with Problems with the IRS it only makes sense to hire AFFORDABLE Former IRS Agents and Managers with over 60 years of direct IRS experience in the Florida IRS offices.
We have practiced in the state of Florida since 1982, have over 206 years of professional tax experience and are A+ rated by the Better Business Bureau.
We have one of the highest ratings in the industry.
Why Taxpayers Get Audited
IRS Tax Audit Selection Process
Selecting a tax return for audit does not always suggest that an error has been made. Returns are selected using a variety of methods, including:
- IRS Random selection and computer screening – sometimes returns are selected based solely on a statistical formula.
- Document matching – when payor records, such as Forms W-2 or Form 1099, don’t match the information reported.
- Related examinations – returns may be selected for audit when they involve issues or transactions with other taxpayers, such as business partners or investors, whose returns were selected for tax audits.
IRS Tax Levy Release
If the Internal Revenue Service has levied your paycheck or bank account, you will need to be prepared to give IRS a 433-F financial statement.
IRS will only accept their financial statement and you can find that form on our website.
The statement will need to be fully documented along with copies of pay stubs, last six months bank statements, and a copy of all your expenses.
You will need to make sure all your tax returns are filed and up-to-date.
Immediate Levy Releases
If you want to get an IRS tax levy release, as a general rule we can get that released within 24 hours of having your documented financial statement.
We can also work out a tax settlement out with the IRS to keep your case off the IRS enforcement computers.
Owe Back Taxes
If you will back taxes, you will need to give IRS the same financial statement as above. Once IRS reviews the financial statement they will place you in one of three categories.
IRS will either put you in a:
- non-collectible status,
- ask you to make a monthly payment agreement, or
- recommend that you are a suitable candidate for an offer in compromise.
Tax Settlements, Offer in Compromise
If you are looking for an IRS tax settlement simply go to our website, click on the offer in compromise section and learn everything you need to know.
IRS has a pre-qualifier tool for tax settlements.
I recommend that no taxpayer submit an offer in compromise or file for a tax settlement with the Internal Revenue Service without walking through the IRS pre-qualifier tool.
FST
We are a team of tax attorneys, tax lawyers, CPAs, and former IRS agents and managers who can handle all your IRS and state tax needs.
Call us today for free initial tax consultation and speak to affordable tax experts who have practiced in the state of Florida since 1982.
AFFORDABLE – IRS Tax Levy, Audit, Back Tax, Settlement Help – Palm Beach Gardens, N . Palm Beach, Royal Palm, Riveria Beach
by Fresh Start Tax | Mar 20, 2014 | Tax Help
Our firm is a AFFORDABLE specialty tax firm that deals with all IRS, Federal and State tax matters, issues and problems. A Florida Tax Firm, A plus Rated.
Tax Defense Experts.
FST is comprised of tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers and tax instructors.
We are A+ rated by the Better Business Bureau and have been in practice since 1982 right here in the state of Florida.
IRS Tax Settlements
IRS tax settlements are called offer in compromise.
IRS accepts 38% of all offers in compromise filed.
It is critical that taxpayers do not run off filing an offer in compromise on their own as it can overexpose them to the Internal Revenue Service.
The taxpayer should carefully review the IRS pre-qualifier tool regarding the offer in compromise before they send an OIC to the Internal Revenue Service. If you have a very simple financial statement taxpayers can do this on their own however if there are any complexities I recommend all taxpayers to use a professional tax firm.
IRS tax levies
There are two general type of IRS tax levies:
1. the wage garnishment and,
2. the bank levy.
The bank levy is held by the bank for 21 days before the bank must turn the money over to the Internal Revenue Service.
The IRS gives the taxpayer 21 days to resolve the bank tax levy, unfortunately this is not true with the wage levy.
The wage levy is a next paycheck garnishment and the majority of the taxpayers next paycheck goes to the IRS.
For taxpayers to get any IRS to release any tax levy they will need to send IRS a fully documented 433-F financial statement, along with the last six months bank statements, pay stubs and a copy of all monthly expenses. It is also important to note IRS will want all your tax returns filed in up-to-date.
As a general rule we can get a levy released within 24 hours of obtaining the taxpayers financial information.
Back Taxes
If you have not filed your back tax returns ,IRS can file your return for you.
IRS will not do you any favors whatsoever. You will pay the most amount of tax possible.
If you have any issues you are dealing with and like to propose an IRS tax settlement, get an IRS levy released, or you are experiencing a IRS tax audit, contact us today and speak directly to a true tax professional who can affordably and quickly deal with the Internal Revenue Service and give you the very best tax defense possible.
Make sure you are not bullied by the Internal Revenue Service , let true tax experts who know the system be your best possible tax defense.
IRS Settlements, Tax Levy, Audits, Back Tax Filing *AFFORDABLE* Lake Worth, Lake Park, Florida Ridge, Palm City
by Fresh Start Tax | Mar 20, 2014 | Tax Help
The Individual Shared Responsibility Payment – The Overview
Starting January 2014, you and your family must either have health insurance coverage throughout the year, qualify for an exemption from coverage, or make a payment when you file your 2014 federal income tax return in 2015.
Many people and taxpayers already have qualifying health insurance coverage and do not need to do anything more than maintain that coverage in 2014.
Qualifying coverage includes coverage provided by your employer, health insurance you purchase in the Health Insurance Marketplace, most government-sponsored coverage, and coverage you purchase directly from an insurance company.
Qualifying coverage does not include coverage that may provide limited benefits, such as coverage only for vision care or dental care, workers’ compensation, or coverage that only covers a specific disease or condition.
You may be exempt from the requirement to maintain qualified coverage if you:
- Have no affordable coverage options because the minimum amount you must pay for the annual premiums is more than eight percent of your household income,
- Have a gap in coverage for less than three consecutive months, or
- Qualify for an exemption for one of several other reasons, including having a hardship that prevents you from obtaining coverage, or belonging to a group explicitly exempt from the requirement.
Health Care – Individual Shared Responsibility Payment, What You need to Know
Special hardship exemption
A special hardship exemption applies to individuals who purchase their insurance through the Marketplace during the initial enrollment period for 2014 but due to the enrollment process have a coverage gap at the beginning of 2014.
For any month in 2014 that you or any of your dependents don’t maintain coverage and don’t qualify for an exemption, you will need to make an individual shared responsibility payment with your 2014 tax return filed in 2015.
If you went without coverage for less than three consecutive months during the year you may qualify for the short coverage gap exemption and will not have to make a payment for those months.
If you have more than one short coverage gap during a year, the short coverage gap exemption only applies to the first.
If you (or any of your dependents) do not maintain coverage and do not qualify for an exemption, you will need to make an individual shared responsibility payment with your return.
The payment amount is either a percentage of your income or a flat dollar amount, whichever is greater.
You will owe 1/12th of the annual payment for each month you (or your dependents) do not have coverage and are not exempt.
The annual payment amount for 2014 is the greater of:
- 1 percent of your household income that is above the tax return threshold for your filing status, such as Married Filing Jointly or single, or
- Your family’s flat dollar amount, which is $95 per adult and $47.50 per child, limited to a maximum of $285.
- The individual shared responsibility payment is capped at the cost of the national average premium for the bronze level health plan available through the Marketplace in 2014. You will make the payment when you file your 2014 federal income tax return in 2015.
by Fresh Start Tax | Mar 20, 2014 | Tax Help
Immediate Help and Resolution A plus Rated By the BBB! Since 1982
We are a team of Former IRS Agents and Managers who worked out of the local South Florida offices that have a combined 60 years of IRS work experience as agents, managers and instructors.
While working at IRS we were tax instructors to new agents.
Because of our time and experience at the Internal Revenue Service we understand all the systems and protocols to affordable deal with your IRS matter.
We are A+ rated by the Better Business Bureau and have been in private practice right here in South Florida since 1982.
You can call us today for a free initial tax consultation and speak directly to a true tax professional.
I would caution most people who use the Internet to find tax resolution companies to use caution because over 95% of the Internet site are set up for tax resolution lead generation only, they sites sell your information to third parties.
When dealing with an IRS problem you want to know the firm and the local tax professional that you will be dealing with the resolve your case.
You can contact us by phone or come in and visit us today in our Fort Lauderdale office.
Do not be bullied by the IRS, fight back by using Former IRS agents who know the system.
Tax Facts:
- IRS sends out 1.9 million tax levies each year,
- IRS audits over 1.4 million taxpayers each year,
- Over 16 million taxpayers do not pay their taxes each year,
- IRS accepts over 38% of all offers and compromises or tax settlements applied for each year.
IRS Levy, Audits, Settlement, Back Tax Filings * AFFORDABLE IRS TAXHELP – Parkland, Coral Springs, Weston, Cooper City
by Fresh Start Tax | Mar 20, 2014 | Tax Help
Have Former IRS Agents and Managers who worked out the local Florida IRS offices resolve your IRS Problems. We know the system.
With over 60 years of direct IRS experience, we understand all the strategies, protocols, and settlement formulas to help reduce any IRS problems.
We are A+ rated by the Better Business Bureau and have over 206 years of professional tax experience.
There is nothing worse than having to deal with the Internal Revenue Service and the average taxpayer has no way to understand the complexities in working with different groups of personnel within the IRS.
Each division have their own strategies and their own systems to work with.
As an example, the audit division has much more flexibility, whereas the collection division deals with stricter standards.
The benefits of using our firm is that our staff has worked in almost all divisions within the Internal Revenue Service.
On staff are tax attorneys, tax lawyers, certified public accountants, enrolled agents, former IRS agents, former IRS managers, a former IRS tax instructors.
We can handle anything from a simple IRS notice or letter to going to tax court.
FST can do everything for affordable professional fees because of the streamline processes and the number of years of experience we have in dealing with the Internal Revenue Service.
If you are having a problem with the Internal Revenue Service or the state of Florida, contact us today and speak directly to one of our tax professionals who can explain and communicate the facts according to the situation you have.
We can offer fast, quick, and affordable tax resolution if you are dealing with the IRS tax Levy, IRS tax audit, or any back taxes issues that you have.
We are true experts in tax settlements. As a former IRS agent I both worked and taught the offer in compromise or tax settlement program to new IRS employees.
IRS * Affordable Help with Tax Levy, Audit, Back Taxes, Settlements * St. Augustine, Orange Park, Lakeside, Palm Valley
